Policy paper

Stamp Duty and Stamp Duty Reserve Tax — power to make changes in connection with FMI sandboxes and exemption for PISCES

This tax information and impact note is about a power to make Stamp Duty and Stamp Duty Reserve Tax changes in relation to financial market infrastructure (FMI) sandboxes, by statutory instrument and the use of the power to provide an exemption for Private Intermittent Securities and Capital Exchange System (PISCES) transactions.

From:
HM Revenue & Customs
Published
30 October 2024

Documents

Stamp Duty and Stamp Duty Reserve Tax — power to make FMI sandbox related changes and exemption for PISCES

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This measure provides a power enabling HM Treasury to make Stamp Duty and Stamp Duty Reserve Tax changes in relation to financial market infrastructure (FMI) sandboxes, as established under the Financial Services and Markets Act 2023, by statutory instrument. This power will be used to provide an exemption for Private Intermittent Securities and Capital Exchange System (PISCES) transactions.

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Published 30 October 2024

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